Are Regulators Pursuing National Agendas?
Four years ago, in the aftermath of the financial crisis, regulators on both sides of the Atlantic responded by calling for globally co-ordinated regulatory reform. After all, the argument went, the 2008 financial shocks had demonstrated how closely integrated global markets had become – and how adept financiers were at exploiting them.
Thus it seemed self evident that transatlantic co-operation was needed; when I participated in a Brussels conference on bank reform three years ago, for example, it was notable how many US officials were on the platform.
But at last week’s event, the US presence was minimal.
Read Full Article »
